經理人大學階段恐怖攻擊經驗對公司創新程度之影響-以S&P1500指數上市公司為例

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姓名

王子朋(Zi-Peng Wang) 查詢紙本館藏

畢業系所

財務金融學系

論文名稱

經理人大學階段恐怖攻擊經驗對公司創新程度之影響-以S&P1500指數上市公司為例
(The Impact of Chief Executive Officer’s (CEO’s) Experience of Terrorist Attacks during Their University Period on Corporate Innovation: A Case Study of S&P 1圍00 Index Listed Companies)

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至系統瀏覽論文 (2026-1-1以後開放)

摘要(中)

本研究探討經理人大學階段恐怖攻擊經驗對公司創新程度之影響，我們檢視此經驗是否會產生憤怒或恐懼之情緒，進而影響經理人風險偏好或個人特質並體現於公司創新程度。
本研究發現經理人的大學恐怖攻擊經驗使其產生較為憤怒的情緒，並持續影響至其任職於公司時較愛好風險，進而增加公司創新投入；而當經理人曾於大學階段遭遇恐怖攻擊事件時，該經驗所產生的憤怒情緒使經理人變得較為不嚴謹，進而減少公司創新產出。本文子樣本測試結果發現大學時期的恐怖攻擊經驗對男性經理人的影響較大，並產生憤怒情緒使其傾向風險愛好及不嚴謹的個人特質，進而增加創新投入並減少創新產出。本文也發現大學階段的恐怖攻擊經驗將使年輕經理人增加任職期間公司的創新投入，卻使年長經理人任職期間公司的創新產出減少。本文亦將經理人大學位置所在州的犯罪率納入考慮，結果仍與原始結果一致。

摘要(英)

In this paper, we discuss the impact of CEO’s experience of terrorist attacks during their university period on corporate innovation. We investigate whether the experience produces emotion with anger or fear, which changes the CEOs’ risk preference or personal characteristic, and affects the corporate innovation.
We find that CEOs’ experience of terrorist attacks during university periods makes them feel angrier, which continued to affect their risk preferences toward to risk-loving and spend more in R&D activities. On the other hand, the anger generated from the experience makes them less rigorous, which decreased the value of innovation. The results from subsample tests show that the terrorist attack experience during college periods has a greater impact on male managers and generates anger, which makes them more risk-loving and incautious, thereby increasing R&D expenditure and decreasing the value of innovation. We also find that the experience for young CEOs will increase firms’ R&D expenditure, but decrease the value of innovation for old CEOs. In addition, we also take the crime rate of the states where CEOs’ universities are located into account, and the results remain consistent with our original results.

關鍵字(中)

★ 經理人大學階段恐怖攻擊經驗

關鍵字(英)

論文目次

摘要 i
Abstract ii
誌謝 iii
目錄 iv
表目錄 vi
一、緒論 - 1 -
1-1 前言 - 1 -
二、文獻探討與假說建立 - 5 -
2-1 經理人負面經歷對公司決策的影響 - 5 -
2-2 經理人特徵與公司創新程度 - 6 -
2-3 恐怖攻擊對心理的影響 - 7 -
2-4 人類腦部認知形成及發展 - 7 -
2-5 恐怖攻擊產生之情緒對經理人的影響 - 8 -
三、變數及樣本 - 10 -
3-1 變數 - 10 -
3-1-1 自變數 - 10 -
3-1-2 應變數 - 12 -
3-1-3 控制變數 - 13 -
3-2 樣本 - 15 -
3-3 敘述統計 - 19 -
四、實證結果及分析 22
4-1 多元回歸分析結果 22
4-1-1對公司創新投入之影響 22
4-1-2對公司創新產出之影響 25
4-1-3對公司創新程度之影響-子樣本分析-以性別分組 30
4-1-4對公司創新程度之影響-子樣本分析-以年齡分組 33
4-1-5對公司創新程度之影響-控制經理人大學州別犯罪率 36
五、結論與未來研究方向 40
參考文獻 42

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指導教授

李韋憲(Wei-Hsien Li)

審核日期

2022-6-20

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